Property Description
This property is a former freestanding Friendly’s restaurant with a 2,589 SF retail building positioned on a 0.49-acre site with 50 parking spaces. Existing restaurant infrastructure including hoods, coolers, freezers, and kitchen equipment. Benefits include access and visibility from Park Place and East Broad Street with approximately 8,574 vehicles passing by daily. An investor can reposition the property with capital improvements and a realigned business strategy. Located approximately 30 minutes from downtown Cleveland, this property benefits from its suburban accessibility and location near amenities including retail, hospitality, entertainment, and educational facilities. UH/Mercy Hospital is located directly across the street and the property is in a regional retail trade area including Target, Walmart, Giant Eagle, Home Depot, JoAnn, PetSmart and more. Elyria is the home to numerous corporations and manufacturing companies including Invacare, Ridge Tool Company, Diamond Products, Bendix Commercial Vehicle Systems, EMC Precision Machining, Riddell, Elyria Plating Corporation and more. In 2020, the Property had approximately ±94,100 individuals residing within a five-mile radius with an average household income of ±$68,259.2,696. Tenant also pays for insurance and property taxes.
Features
: Gas
: Outside, On Site, Private
Address Map
US
OH
Lorain
Elyria
44035
204 East Broad St
0
W83° 54' 17.4''
N41° 22' 3.5''
MLS Addon
Laundon Allotment
Century 21 Transcendent Realty
78
8518
$0
0

Commercial Lease

204 East Broad St, Elyria, Lorain, Ohio, United States 44035

2,584 Sqft
$2,500
Listing ID #4286825
Basic Details
Property Type : Commercial Lease
Listing ID : 4286825
Price : $2,500
Living Area : 2,584 Sqft
Year Built : 1975
Lot Area : 0.49 Sqft
Status : Active
PropertySubType : Retail
Agent info
Altobelli Real Estate
Altobelli Real Estate
304 Vienna Ave. (Rt. 46)
Contact Agent